The most expensive pizza in history, exchange 10,000 BTC for 2 pizzas

小浪 · 2023-05-23T03:43:10.000Z

Thirteen years ago, on May 22, 2010, a programmer used 10,000 BTC to buy 2 pizzas. According to today’s Bitcoin settlement of $26,600, it was worth $260 million and was called the most expensive pizza in history. Since then, May 22 has also been known as “Bitcoin International Pizza Day”. As latecomers to Bitcoin, we only listened to this story as a joke. After Satoshi Nakamoto published the white paper "Bitcoin: A Peer-to-Peer Electronic Cash System" on October 31, 2008, the concept of bitcoin was mentioned for the first time; then on January 3, 2009, the first batch of bitcoins were Dig it out, and Bitcoin is officially born.

​​13 years ago on May 22, 2010, a programmer used 10,000 BTC to buy two pizzas. According to today's Bitcoin price of $26,600, it is worth $260 million and is known as the most expensive pizza in history.
Since then, May 22 is also known as "Bitcoin International Pizza Day".
As latecomers to Bitcoin, we just listen to this story as a joke.
The concept of Bitcoin was mentioned for the first time after Satoshi Nakamoto published the white paper "Bitcoin: A Peer-to-Peer Electronic Cash System" on October 31, 2008; then on January 3, 2009, the first batch of Bitcoins were mined and Bitcoin was officially born.
Today we say that Bitcoin has increased 100 million times, which is also based on the calculation that the programmer used 10,000 BTC to exchange for 2 pizzas worth $25.
The programmer who spent 10,000 BTC on pizza
It is meaningless to discuss whether it is worth spending 10,000 BTC to buy 2 pizzas.
In 2010, when everyone could use computers to mine Bitcoin, you could easily mine tens of thousands of BTC by turning on your computer, and you could actually exchange it for 2 pizzas for free, which was even more magical at the time.
At that time, the programmer with the online name Laszlo (real name Laszlo Hanyecz) posted a help post on the Bitcoin Forum on May 18, asking for 10,000 bitcoins in exchange for two pizzas. At first, no one responded or paid attention to the post, and he was even ridiculed.
It was not until 4 days later that Laszlo updated the latest news: "I just want to report that I successfully traded 10,000 bitcoins for pizza, thanks to jercos (real name Jeremy Sturdivant)!".
It took four days to complete the transaction of 10,000 BTC for 2 pizzas. It was the first time that Bitcoin was proven to have value and BTC had a price of $0.0025. Today, the price of Bitcoin is $26,600.
The fact that Bitcoin can be successfully exchanged for pizza shows that some people are willing to pay attention to BTC and try to consume Bitcoin, which was similar to game currency at the time, as real money. It is also the first transformation of BTC from concept to value.
Laszlo and pizza are inseparable
Now looking at the two people who traded 10,000 bitcoins at that time, their life trajectories do not seem to have changed much.
Laszlo continued to work as a programmer, and Jercos began to pay attention to cryptocurrencies. 10,000 BTC was just one of the fuels for his exploration. After all, no one could predict the future trend of BTC, and no one could enjoy the full increase.
In the blockchain market, there are more innovative ideas and it may also bring huge wealth. However, in the historical environment at that time, many people did not understand, looked down on, and looked down on new things, and finally could not afford them.
Think about what you were doing in 2010. Even if you saw Laszlo’s post at that time, you might not have exchanged with him.
At that time, you could still buy BTC on the omnipotent Taobao for 0.5 yuan. Even if you knew about BTC at that time, the buyer and seller might not be able to get it now, or they might have forgotten the mnemonic phrase long ago.
And those friends who were mining in Internet cafes at that time, I wonder how much BTC they mined, how are they doing now?
History will not go back.
Pizza from Binance
​History can only be seen clearly in retrospect, the so-called 4-year halving cycle, the repeated fluctuations of ups and downs, looking at the K-line to find nodes and analyze events; just like among the many opportunities now, I don’t know which one I should seize, only time will tell.
The world is constantly changing, and no one can accurately predict it; every choice made today will affect the outcome tomorrow; and we can only grasp each present moment.
Just like whether BTC at $27,400 today is valuable, no one can figure it out, and no one knows which decision to buy or sell will bring good results?
All the above texts are my personal opinions and do not constitute any investment advice. I am Big Bingtang Orange, follow me and share the warmth together. #BTC #crypto2023 #ETH #Binance #Web3 